Harborx: Fun Currency Trading For Everyone… And We Mean EVERYONE

Currency trading or Forex trading is growing very fast and is quite a large market that makes other markets, such as Stock market, look quite tiny in comparison. Many people find trading currencies fun which also helps them earn some profit. Fun and money sounds like a perfect combination, right? However, it may seem difficult to get into this trading which requires understanding and skills to earn a decent profit. All these professional forex terms and complex charts are just too intimidating for a beginner.

So, you want to start currency trading but are unsure and scared as to where to begin?

Well, no worries. Everyone used to be a beginner at some stage, so there’s no shame in that. What’s more, there is now an easy way to dip your toes into the unknown waters of currency trading.

Services like Harborx can help you. Harborx provides a wonderful experience of currency trading through your mobile. Yes, you read that right. You can actually do currency trading right from your smartphone, no need to spend days glued to your desktop.

What is Harborx

Harborx is an EU- licensed broker which provides a fun and easy way into Forex and Commodity trading. Unlike other firms, Harborx takes a playful approach to currency trading, turning it into a game which can be played by everyone. Harborx’s innovative technology of combining trading features with gaming has landed the company among presenters at the upcoming FinDevr London 2017, one of the hottest fintech events.

The big idea behind Harborx is to help people improve their lifestyle by using their time and money in a smarter way. It has made it possible to make money while having fun in your spare time.

What’s more, you will get to learn a lot about currency trading as you play on Harborx. So, let’s take a closer look at Harborx mobile app.

Interactive Interface

The app interface is highly interactive and user-friendly. Really, anyone can easily use it. It has the trending page, similar to the newsfeed of main social media apps, divided rates, and all your trades that you have made in all the different sections so that you can access any of them easily. The content is displayed in a perfect manner and looks quite clean and clutter-free. You also have the Inbox where you get all your app notifications.

When you first open the app after registration, it shows the Leaderboard which contains the highest scoring traders. Every week, top 3 Harborx traders get rewarded with bonuses of up to $100.

The Trending page also carries Star Traders’ recommendations. If you have no idea how to start trading on your own, you can simply follow experts, also known as Harborx stars. As you scroll down, you can see the weekly top stars of Harborx along with their win ratios and the number of trades they have won. Check out their trade history to get an idea of how they’re trading, and whose recommendations you would like to follow.

Easy to use

The app is quite easy to use. Having seen multiple currency trading apps, we found Harborx to be the easiest, which makes currency trading so simple to understand.

So, how to you actually trade? In forex, trading is simply the process of buying one currency and simultaneously selling another in order to gain a profit, where the profit (or loss if you do not estimate it well enough) results from the changes in the exchange rates. When you trade forex, you do not physically buy or sell a currency but speculate on how its value will change in relation to another currency – this is why FX trading happens in pairs.

The first currency in the pair is called ‘base’ currency while the second one is ‘quote’ currency. In the USDEUR pair, for example, we can estimate that a US dollar will grow compared to EUR. In this case, buying USDEUR is a good idea. However, if we expect the dollar to lose value and the EUR to grow, then we’ll be selling the USDEUR. In Harborx, you can either follow Harborx Stars’ recommendations or go to the Rates page, tap on the currency pair and select Buy (if you think the first currency will go up) or Sell (if you think that it will go down).

The only thing you need to do is to register to the app with your Facebook or email id, mobile number and voila! You have successfully registered with the app and now can practice trading.

The app offers 2 versions. One is Trial version and the other one is Live. If you are a newbie in currency trading then you should stick with the Trial just to practice the trading. The trial version lasts for 90-days and lets you trade with virtual money, which is perfect to get some experience. But if you can’t wait to start trading with real money, you can skip the Trial and immediately proceed to the Live account.

You can easily deposit the funds for trading with a single tap. Withdrawing the money you made is also a breeze. You can withdraw the funds after you make your first $25.

Referral rewards

As I mentioned earlier that Harborx is a great app to make money in many interesting ways. The first way is by referring your friends to the app. Whenever you refer a friend to the app and that person registers and validates their account, both of you get $10 as a referral bonus. So, simply refer your friends and you can make up to $1000! Harborx calls these bonuses ‘trading credit’, which you can use for trading but cannot withdraw (you can still withdraw the trading profit you make on these funds). But guess what? Inviting friends enables you to trade with real money, but you don’t have to deposit!

Win weekly prizes

Harborx also announces the weekly prizes to the best traders of the week. Simply complete with your friends and the other traders and win $100, $50 and $25 for top positions on the Leaderboard.

Pros

Easy to use.

Simple registration

Safe deposits and withdrawals.

Fun and an interesting way to make money.

Trustworthy and safe to use.

Easy trading on the go.

Bonuses, gifts and promo codes shared on the app and Harborx Facebook page.

Learn trading from the experts: simply follow Star Traders.

No trading commissions.

Fast execution.

Straightforward process.

Trial version available to practice with virtual funds.

Cons

none

Pricing

Free

Conclusion

Well, no doubt that Harborx is the easiest way to start up that currency trading (forex) thing everyone is talking about. Beginners get the opportunity to learn some tactics and get huge knowledge from the other traders. You can learn a lot from this app and the most important thing, it turns your smartphone procrastination (which we’re all guilty of!) in a productive pastime.

Since the app is available for iOS and Android and is free to download, I would suggest you give it a try.

About the author

Shivani Srivastava

Shivani shrivastava is an active tech blogger. She has graduated from Delhi University. She has contributed a number of great and informative articles to the internet. Apart from blogging she loves music, games, puzzles and reading. Share your views with Shivani in the comments.

3 Comments

Great review about Harborx. Having used the app for the past few months, I absolutely agree. It’s a new fun way to trade, very accessible to beginners like myself. Five stars to Harborx, I fully recommend it!!!

Great app, simplifies trading and gives a real chance to profit from the fx market.
I like how the app is dynamic and has many features being released constantly.
The best thing is that it is a lot FUN :))

This App is a fun way to start trading compared to other existing boring and complex platforms offered by brokers out there.
Harborx have adopted gaming features into their App making it probably the best App out there that simplifies trading and makes it actually a fun process.
For example, by trading using this App, you participate in one of Harborxs’ weekly contents which you are ranked and if at the end of the week you end up
in the Top 3 you receive prizes. Last but not least, if you are in doubt and not sure how to trade, this App has trade recomendations which you can easily follow by the tap of one button.